Defense Metals Corp. develops the Wicheeda Rare Earth Project, a 100%-owned rare earth elements project located near Prince George, British Columbia. Company news commonly covers drilling, resource and reserve work, metallurgical testing, environmental baseline studies, feasibility-study preparation, permitting coordination, and infrastructure planning tied to Wicheeda.
Recurring updates also address the project's role in critical minerals supply chains for defense, high-technology, clean energy, and permanent magnet applications. News may include government and industry engagement, rare earth market commentary, project-management appointments, and trading-related developments for the company's TSX Venture, OTCQB, and Frankfurt-listed shares.
Defense Metals Corp. has announced the successful completion of flotation pilot plant processing for its Wicheeda Rare Earth Element property, confirming its laboratory processes at pilot scale. The project has an indicated resource of 4.89 million tonnes at 3.02% LREO. The pilot results indicated a recovery rate of 77.3%, producing 1,200 kg of high-grade REE concentrate with a TREO grade of 51.6%. The company is exploring further enhancements for cost savings in processing and aims to advance towards hydrometallurgical pilot trials.
Defense Metals Corp. (OTCQB: DFMTF) announced the submission of a technical paper on the Wicheeda Rare Earth Element (REE) Deposit to the COM2020 conference. The Wicheeda Deposit hosts indicated resources of 4,890,000 tonnes at 3.02% LREO and inferred resources of 12,100,000 tonnes at 2.90% LREO. The paper details a successful test program yielding high-grade concentrates up to 54% TREO with an overall REE extraction rate of 78%. Additionally, Defense Metals has engaged Electrik Dojo LLC for $60,000 to enhance investor relations and market awareness, and granted stock options for 550,000 shares at $0.20 each.
Defense Metals Corp. (OTCQB: DFMTF) has announced a significant development with the Government of Saskatchewan providing $31 million in funding for a new Rare Earth Element Processing Facility. This facility will operate under the Saskatchewan Research Council and will enhance REE processing capabilities in the region. CEO Craig Taylor highlighted the strategic importance of accessing such facilities, especially outside of China, as global demand for REEs is expected to rise significantly in the coming decade.